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Goulandris family sells New York site for €325m

THE Goulandris family — including Chryss, the wife of Tony O’Reilly, and her brother Peter, a director and shareholder of Waterford Wedgwood — have sold a New York city block for more than $400m (€325m) after tax, writes Tom McEnaney.

It is understood that Peter and Chryss, who is also a Waterford Wedgwood director, are the principal beneficiaries of the sale of what has been one of the most sought-after tranches of land in New York for more than 30 years.

The site was assembled plot by plot between 1973 and 1978 for a consideration that one New York source said was about €25m. Regarded as one of the most valuable parcels of land left in Manhattan, it is bounded by Central Park West and Broadway, and by 61st and 62nd Streets. It is made up of the 15-storey Mayflower hotel and a vacant lot and is close to a number of